Description
“The Dhandho Investor” is a book written by Mohnish Pabrai and published in 2007. The book is a practical guide to value investing, inspired by the investing principles of successful Indian-American businessman Mohnish Pabrai.
Pabrai’s approach to investing is based on the concept of “Dhandho,” which is a Gujarati word that means “business.” The book highlights Pabrai’s investment philosophy, which involves identifying simple and understandable businesses with durable competitive advantages and buying them at significant discounts to their intrinsic value.
The book offers a step-by-step guide to the Dhandho approach to investing, including how to identify undervalued businesses, how to assess their competitive advantages, and how to build a diversified portfolio of such investments.
Pabrai uses real-life examples and case studies to illustrate his approach, including the success stories of his own investment portfolio. He emphasizes the importance of patience, discipline, and long-term thinking in the investing process.
The book is written in an engaging and accessible style, making it a valuable resource for both novice and experienced investors. It is also praised for its practical advice and actionable insights, making it a must-read for anyone interested in value investing and building a successful investment portfolio.
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